Employee benefits represent a significant cost to many businesses and the introduction of Personal Accounts from 2012 is likely to increase those costs further, especially for small and medium sized businesses.

At Westminster Wealth Management we often identify two key problems with a firm’s strategy: over paying for insurance based benefits, even when these benefits have been ‘brokered’ (it never ceases to amaze us how many brokers do a good job in the first year to win the client and then never bother to go back to the market for subsequent annual renewals); and failing to communicate the value of those benefits to the employees, with the result that the company does not get the credit that it deserves.

As well as engaging with senior management to obtain the most suitable benefits for the company at the lowest cost we at Westminster Wealth Management also engage directly with staff to help them understand what their benefits are, what they do and how to get the most out of them.  We also work hard to keep our clients up to date with developments in the marketplace and changes to legislation.  We are far more dynamic and free thinking than traditional Employee Benefits Consultancies with regard to how we go about our business.

We combine these skills with an excellent team for the provision of advice to executives, either specific to company related matters or holistic financial planning, tax mitigation strategies and partnerships with other professionals including accountants and actuaries.